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Author Topic: Do you remember the Dutch guy who sold his house for Bitcoin?  (Read 354 times)
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reactorjuno (OP)
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October 06, 2018, 02:55:38 PM
 #1

Story was posted here
Apparently bought a lot of Bitcoins at a price that could be around $5000. Wondering how he feels now.
You have to be incredibly solid inside and emotionally to deal with the constant price moves. Not that the decision is wise, it is a stupid decision, but stupid decisions can make you rich sometimes. Just the fact that he is a family man makes it incredibly unreasonable to do such a thing, but still wish him (and us) the best of luck  Tongue
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October 06, 2018, 03:43:26 PM
 #2

Story was posted here
Apparently bought a lot of Bitcoins at a price that could be around $5000. Wondering how he feels now.
You have to be incredibly solid inside and emotionally to deal with the constant price moves. Not that the decision is wise, it is a stupid decision, but stupid decisions can make you rich sometimes. Just the fact that he is a family man makes it incredibly unreasonable to do such a thing, but still wish him (and us) the best of luck  Tongue

no reason for feeling bad since btc is around $6 600 atm. also he said about the intention to hold 'till 2020, so let's see what's gonna be next.
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October 06, 2018, 04:12:10 PM
 #3

He had apparently set his mind to hold despite the volatility.  His prediction is that bitcoin is going to be worth $100,000 by 2020. Given that Bitcoin halving is due 2020, I have to say it's entirely possible. We are cutting down on the supply side, so the price has to go up. But what the actual price is going to be is less important. I admire the courage of this guy to make such a bold move, especially considering that he has a family to support.
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October 06, 2018, 04:46:54 PM
 #4

this is the story of bitcoiner who is very confident, with the support of the family, the Taihuttu is able to do everything, unlike most people who are often constrained by a lack of family support and always demanded daily needs

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October 06, 2018, 05:38:13 PM
 #5

I saw this guy on facebook and he actually replied to my comment which feels good.

He's living a good life now and there's no problem with him because he is a long term holder.

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October 06, 2018, 06:15:39 PM
 #6

Yeah, I read a recent update about him a few months ago on this forum actually, someone posted about him and the family, he is doing interviews and appearances and travelling with his family.

I think he was a bit reckless to be honest, but then he did everything with the agreement of his wife and family, and they are enjoying their own adventure and looking healthy, so who am I to criticize this guy right?

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ashmodeus
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October 06, 2018, 06:20:44 PM
 #7

hmmm..
i wondering why he not sell when the price about 19k USD
its about 4X profit if he buy on 5k , with short term duration.
but well
like u say , stupid things have more more thing inside.
also he seems doesn't care about the current price.

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October 06, 2018, 08:10:19 PM
 #8

Story was posted here
Apparently bought a lot of Bitcoins at a price that could be around $5000. Wondering how he feels now.
You have to be incredibly solid inside and emotionally to deal with the constant price moves. Not that the decision is wise, it is a stupid decision, but stupid decisions can make you rich sometimes. Just the fact that he is a family man makes it incredibly unreasonable to do such a thing, but still wish him (and us) the best of luck  Tongue
I still see it as a wise investments decision if he sold it when bitcoin went as high as $15,000.  No investments could have give him such huge return in a short time like this.  He can still hold and try to sell it in future and great opportunity is still in the future.  I believe that in three years to come bitcoin is going to go as high as $50,000.
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October 06, 2018, 08:21:17 PM
 #9

The bitcoin halving is going to have a very positive effect, this was a wise and bold decision. It is not easy to be rich and successful by making safe and easy decisions, you need to be a risk taker if you want to make millions

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extremegym
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October 06, 2018, 08:27:12 PM
 #10

I saw this guy on facebook and he actually replied to my comment which feels good.

He's living a good life now and there's no problem with him because he is a long term holder.

long term ain't good without defining an exit point. otherwise he can hold the whole life.
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October 06, 2018, 08:28:45 PM
 #11

Story was posted here
Apparently bought a lot of Bitcoins at a price that could be around $5000. Wondering how he feels now.
You have to be incredibly solid inside and emotionally to deal with the constant price moves. Not that the decision is wise, it is a stupid decision, but stupid decisions can make you rich sometimes. Just the fact that he is a family man makes it incredibly unreasonable to do such a thing, but still wish him (and us) the best of luck  Tongue

This is a bold and ambitious move, not sure a lot of people will take such investment decisions, not even me typing this. As a family man, I'll want to put my family first, especially as there's no certainty of recouping of his investment. But hey, you know what they say eh, fortune favours the bold. Wish him luck.
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October 06, 2018, 08:47:56 PM
 #12

They have a website: https://yolofamilytravel.com, so you can follow their travelling adventures on their blog. Smiley

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reactorjuno (OP)
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October 06, 2018, 09:13:57 PM
 #13

They have a website: https://yolofamilytravel.com, so you can follow their travelling adventures on their blog. Smiley
Missed this info, interesting website, so at least he is still earning money in the form of Bitcoin with a least some advertising and affiliation (even though the website has not much traffic, no data here > https://www.similarweb.com/website/yolofamilytravel.com ).
 
But I definitely agree with the message of @extremegym posted above, any long term holder will have to sell at some point. It's always tough to know when the exact time has come
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October 07, 2018, 02:29:25 AM
 #14

For me whether he earn or lose still he made his own wise decision. Probably some of you will say it was bad one, see he created an action plan for his investment and even set a timeframe which is actually better than the other people with weak hands. I salute this man for his brave decision and I hope that he will succeed in his journey.
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October 07, 2018, 03:13:58 AM
 #15

Story was posted here
Apparently bought a lot of Bitcoins at a price that could be around $5000. Wondering how he feels now.
You have to be incredibly solid inside and emotionally to deal with the constant price moves. Not that the decision is wise, it is a stupid decision, but stupid decisions can make you rich sometimes. Just the fact that he is a family man makes it incredibly unreasonable to do such a thing, but still wish him (and us) the best of luck  Tongue
The decision is his and I respect what he does. No one can be sure of the profit he can earn when Bitcoin reaches $ 20,000. I believe he was selling at the time and was happy with his profit. Personally I think this is a very risky investment but he turned it into a great profit






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October 07, 2018, 05:41:49 AM
 #16

Story was posted here
Apparently bought a lot of Bitcoins at a price that could be around $5000. Wondering how he feels now.
You have to be incredibly solid inside and emotionally to deal with the constant price moves. Not that the decision is wise, it is a stupid decision, but stupid decisions can make you rich sometimes. Just the fact that he is a family man makes it incredibly unreasonable to do such a thing, but still wish him (and us) the best of luck  Tongue
Such decision is really hard to make and i do believe that only a few would have the courage and trust to bitcoin to make such thing.I cant think up on to risk all of my assets just to go all in since we do know the risk on investing into crypto.He had principles in life that no one can ever change so he made such decision and the good thing is his family werent against on that.Inspite of hardship on living when it comes to convenience but they do know that someday it would pays of.

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October 07, 2018, 06:00:54 AM
 #17

unreasonable decisions for people do not know crypto to Sell all of its assets, just because they want to buy bitcoin. Everyone will argue negatively that he has made a wrong decision, but for those of us who are in the bitcoin community, we say it is someone who is brave and will gain fortune in the future.

Indeed he made a mistake, because he did not sell it when the btc reached its ATH, but we can understand it and maybe he did not understand the market and all the basic characteristics of crypto fluctuated.
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October 07, 2018, 07:27:36 AM
 #18

Story was posted here
Apparently bought a lot of Bitcoins at a price that could be around $5000. Wondering how he feels now.
You have to be incredibly solid inside and emotionally to deal with the constant price moves. Not that the decision is wise, it is a stupid decision, but stupid decisions can make you rich sometimes. Just the fact that he is a family man makes it incredibly unreasonable to do such a thing, but still wish him (and us) the best of luck  Tongue

I am hoping he was able to sold some of his Bitcoin when it was almost at the $20K level it could have make him very rich otherwise he can just be like all of us wishing at this time that there will be a bull run before the year ends and even a mini bull run will do as we realized that 2018 will never be the same as 2017 and again hope that 2019 can be positive for the whole of cryptocurrency. It is sad to note that the growth of Bitcoin is now being tied to the ETF thing and that the decision is waited is that coming from the government agency...isn't that quite ironic in the first place?
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October 07, 2018, 08:39:51 AM
 #19

there are a couple of things about this news and anything else like it:
1. they are posted by a news website so you should already know it is somewhat bullshit or at least exaggerated.

2. you don't know what is going on with other people and what they do when it  comes to their finances so don't judge what happened to them afterwards.

3. going all in is dumb no matter when and what. even when bitcoin was $0.0001 you shouldn't have gone all in.

4. regarding this guy for all you know, he sold one of his houses and bought bitcoin with it! or he sold his coins and bought 4 new houses after he got his profit. not to mention that this is not the end of the road for bitcoin. would you come back here and bump this topic when bitcoin is at $100k or $1 million in a couple of years?

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October 07, 2018, 09:48:38 AM
 #20

unreasonable decisions for people do not know crypto to Sell all of its assets, just because they want to buy bitcoin. Everyone will argue negatively that he has made a wrong decision, but for those of us who are in the bitcoin community, we say it is someone who is brave and will gain fortune in the future.

Indeed he made a mistake, because he did not sell it when the btc reached its ATH, but we can understand it and maybe he did not understand the market and all the basic characteristics of crypto fluctuated.

Not really,,, I think many in the Bitcoin community would not do the same. They can respect his decision, but they can never replicate his decision with their own families,,, like if I told my family today I had this plan, and even if I explain it to them, I cannot promise anything. We all have our plans, and we do not know the future, and maybe situations in Holland where he is from and Asia where I am from are different. We have no social net here, if anything happens we are out with nothing. Maybe in Holland worse case, he can still depend on the state for financial support.

He did not sell BTC also, by the way, he sold everything to BUY BTC, so he is a holder.

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.....I AM BLACKJACK.FUN.....
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